quarta-feira, 2 de janeiro de 2013

São Paulo Court allows purchase of rural land by foreigners


I'm adamant about the unconstitutionality of the restriction on the purchase of land by companies that are controlled by foreigners. 

Today, Valor Economico, a Brazilian newspaper, published an article stating that the São Paulo Court of Justice (similar to a State Court, or court of appeal) has ruled that a Brazilian company with a majority of its capital owned by foreigners can, indeed, purchase land. 

The company in question is a paper mill and, apparently, needed land to harvest trees. 

I congratulate Mr. Ricardo Quass Duarte, from  Trench, Rossi e Watanabe Law Firm, for this victory. 

Anyone needing more details about the case is welcome to contact me. 

A link to the original article follows below:


http://www.valor.com.br/brasil/2954596/tj-sp-autoriza-registro-de-terras-por-empresa-controlada-por-estrangeiro#ixzz2GqiUeZsS

TJ-SP autoriza registro de terras por empresa controlada por estrangeiro | Valor Econômico

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